Man Burning Frida Kahlo’s Painting To Wrap NFT Sinks

Cryptocurrency and NFT market since the beginning of 2022 constantly in decline. Many investors have lost more than profits this year, and “Was the currency of the future actually a short-term investment?” questions began to be asked. Some investors and entrepreneurs “digged their own wells”.

Lebanese-Mexican origin entrepreneur Martin Mobarak is also at the top of his own wells. Mobarak, introduced last summer Frida.NFT He made a very risky move for the advertisement of his collection. If this advertising strategy is brought the end of him and the collection.

10 million dollar painting blazingly burned

Martin Mobarak, who held a party at his mansion in Miami on June 30, presented the world-famous Mexican painter Frida Kahlo for the promotion of the new NFT collection Frida.NFT project. 10 million dollars “Fantasmones Siniestros” (Ominous ghosts) blazingly burned. Entrepreneur’s both burning Kahlo’s painting and “This project will solve the world’s biggest problems and Honoring Frida Kahlo” he said, too.

After this huge advertising project, Sold only 4 out of 10,000 NFTs. About NFTs sold $11,000 This absurd attempt by the winning investor was literally “burned down”. And as if that weren’t enough, Mexico’s National Institute of Fine Arts and Letters, Launched an investigation against Mobarak. In Mexico, Frida Kahlo’s artworks are considered national monuments and important to the country’s culture. Burning the painting also means a serious crime.

In the ongoing investigation, the experts whether it is original trying to control. If the painting turns out to be original, Mobarak could face a very severe punishment by the Mexican government.